Sanlam Limited (OTCMKTS:SLLDY) Short Interest Up 106.8% in March

Sanlam Limited (OTCMKTS:SLLDY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 106.8% from the February 29th total of 7,400 shares. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is currently 0.9 days.

Sanlam Price Performance

Shares of OTCMKTS:SLLDY traded down C$0.05 during midday trading on Thursday, hitting C$7.45. The stock had a trading volume of 4,490 shares, compared to its average volume of 14,551. Sanlam has a 12 month low of C$5.16 and a 12 month high of C$8.16. The business’s 50-day simple moving average is C$7.66 and its 200-day simple moving average is C$7.48.

Sanlam Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, April 5th will be given a dividend of $0.3099 per share. This represents a yield of 4.14%. This is a boost from Sanlam’s previous dividend of $0.28. The ex-dividend date is Thursday, April 4th. Sanlam’s payout ratio is 3.42%.

About Sanlam

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.